2023 best colleges in Michigan

Ann Arbor, Michigan is home to the state’s flagship university, the University of Michigan, which is known for offering some of the nation’s top-ranking academic programs, including anthropology, sociology, and entrepreneurship. Students from around the country migrate to the state to take advantage of top law schools and medical schools. Besides excellent sportsmanship and world-famous alumni, like Earvin “Magic” Johnson, the Michigan State Spartans mascot, Sparty the Spartan, often ranks among the best mascots in the country.

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Ranking methodology
#1 in Michigan | #24 in Economics nationally
Economic score: 1.00

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $14,878

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.2 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $74,685

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $14,785

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 20%
Graduation rate: 94%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#2 in Michigan | #113 in Economics nationally

Michigan State University

East Lansing, Michigan

Economic score: 2.56

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $19,058

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $58,138

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $1,485

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 83%
Graduation rate: 83%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#3 in Michigan | #167 in Economics nationally

Kalamazoo College

Kalamazoo, Michigan

Economic score: 3.16

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $22,727

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $55,964

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $3,814

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 80%
Graduation rate: 87%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#4 in Michigan | #229 in Economics nationally
Economic score: 4.16

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $12,855

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $43,575

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $15,902

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 69%
Graduation rate: 63%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#5 in Michigan | #248 in Economics nationally

Wayne State University

Detroit, Michigan

Economic score: 4.43

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $13,962

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.3 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $43,798

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $15,659

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 63%
Graduation rate: 53%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#6 in Michigan | #254 in Economics nationally

Oakland University

Rochester Hills, Michigan

Economic score: 4.49

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $13,449

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.2 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $42,682

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $16,778

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 92%
Graduation rate: 62%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#7 in Michigan | #288 in Economics nationally

Albion College

Albion, Michigan

Economic score: 5.74

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $16,862

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $41,349

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $18,344

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 69%
Graduation rate: 71%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#8 in Michigan | #290 in Economics nationally
Economic score: 5.78

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $17,356

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $42,682

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $16,846

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 92%
Graduation rate: 68%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#9 in Michigan | #296 in Economics nationally

Northern Michigan University

Marquette, Michigan

Economic score: 6.00

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $15,214

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $40,771

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $18,905

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 71%
Graduation rate: 55%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#10 in Michigan | #335 in Economics nationally

Western Michigan University

Kalamazoo, Michigan

Economic score: 10.43

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $20,371

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 9.2 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $33,993

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $4,652

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 83%
Graduation rate: 63%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#11 in Michigan | #354 in Economics nationally

Eastern Michigan University

Ypsilanti, Michigan

Economic score: 49.51

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $15,127

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 21.9 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $26,353

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $33,231

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 85%
Graduation rate: 56%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#12 in Michigan | #355 in Economics nationally

Calvin University

Grand Rapids, Michigan

Economic score: 296.87

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $26,082

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 121.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $24,421

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $35,441

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 75%
Graduation rate: 76%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

How long does it take me to repay a bachelor's degree in economics in Michigan?

Years

2.3 years

The cost of the average bachelor's degree in economics in Michigan is covered by the new earnings of graduates in 2.3 years.

How much do graduates with bachelor's degree in economics earn in Michigan?

Salary

$59,427

The median bachelor's degree in economics graduate earns $59,427 3 years after graduating.

How much does a bachelor's degree in economics cost in Michigan?

Net cost

$16,675

The average annual cost of a bachelor's degree in economics is $16,675. This is the net cost and considers only students that have received Title IV funds.